Blackstone Acquires W Fort Lauderdale From Related Companies For $97.6M
401 North Fort Lauderdale Beach Boulevard
Hotel
567,524 SF
567,524 SF
Sold 17 days ago
Summary
The W Fort Lauderdale hotel, located at 401 North Fort Lauderdale Beach Boulevard in Fort Lauderdale, was sold for $97.6 million. The property, featuring 346 rooms across 19 stories, spans a total of 567,524 square feet, with a price per square foot of $172.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $97,600,000
- Buyer: Stephen A. Schwarzman - Blackstone
- Seller: Stephen Ross - Related Companies
- Keys: 346
- Price per Key: $282,081
Related Companies, under the leadership of Stephen Ross, facilitated the sale of the W Fort Lauderdale hotel to Blackstone. This pivotal transaction highlights the significant role played by key industry figures such as Stephen A. Schwarzman and Stephen Ross in the realm of hotel property investments.
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401 North Fort Lauderdale Beach Boulevard
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